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What happens if the equipment is stolen or is totally written-off following an accident?

April 26, 2017Accident equipment happens stolen written-off

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What happens if the equipment is stolen or is totally written-off following an accident?

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Lesees are responsible for the equipment while it is on lease including providing liability and comprehensive insurance. In the unfortunate circumstance that equipment is stolen or damaged beyond repair, please advise us immediately and inform your insurance company. Payments should continue to be made against your Agreement until it is fully settled.